Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace

April 29, 2024, 5:35 PM UTC

Workers in Argentine soy-processing plants have gone on strike just as farmers are collecting the crop.

The job action that began Monday threatens to paralyze output from Argentina, the world’s biggest supplier of soy meal for livestock feed and soy oil used in food and biofuels.

The strike is a protest against proposed income-tax and work-rule changes included in President Javier Milei’s signature reform legislation, which lawmakers are debating. The walkout adds to woes for soy crushers such as Cargill Inc. and Glencore’s Viterra Inc., who’ve seen slow bean deliveries on the Parana River as heavy rains ...

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